A publicly listed chemical company, PT Lautan Luas Tbk. (LTLS), says it hopes it would be able to take advantage of the escalation of a trade war between the United States and China to boost its exports, especially to the US.
The increase of import tariffs imposed by the US on Chinese goods would encourage American companies to source raw materials from other countries. This would offer an opportunity for Lautan Luas and other similar companies from other emerging countries to boost their exports.
"With the higher import tariffs on Chinese goods, the United States will look for another sources of goods from other countries, one of which is Southeast Asia and specifically Indonesia,” the company’s operational director, Herman Santoso, said on Thursday following the company’s annual shareholder meeting.
In the meeting, the shareholders agreed to ...